Friday, 2 June 2017

Canada isn’t the only housing market hitting EXTREME and absurd levels at this time. We can see the froth building in China and Australia, as the complete and obvious fraud rears its ugly head from the shadows and into the light. Another subprime crisis has emerged.

Another problem with the Australian property market is that 'foreign investment' has also helped boost prices and/or is a leading driver. Foreign money is distorting the domestic market in Australia which is making home ownership more difficult for permanent residents. Related:It’s finally here! What they really think about Australian property and China!